Are you tired of the same old mundane approach to saving money?

Yotta has entered the chat…. A innovative fintech app that’s taking the savings world by storm.

Launched in 2019, Yotta has quickly gained a massive following for its unique and captivating approach to promoting saving. At its core, Yotta offers a high-yield FDIC insured savings account where customers can open a free online savings account and earn interest on their deposits.

But what sets Yotta apart from the rest is its groundbreaking lottery system that incentivizes saving like never before.

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In this post, we’ll take a closer look at how Yotta operates, exploring its key features, the pros and cons, and evaluating its overall value as a top-notch fintech app.

Yotta App

How Yotta Works

Yotta is a unique savings account where instead of earning traditional interest, you get entries into weekly lottery drawings for a chance to win cash prizes. The savings account works by depositing money with Yotta.

For every $25 in your Yotta savings account, you receive a recurring ticket for drawings where you can win cash prizes, with the chance to scoop up to $10 million!

The more money you have in your account, the more tickets you accumulate each week, boosting your chances of winning big. Even starting with just $100 in savings, the app turns saving into an fun experience.

Yotta also features daily games, digital scratcher tickets, and leaderboards where you can climb your way up and earn tokens redeemable for exciting prizes. From start to finish, everything in the app is meticulously designed to transform saving from a dull chore into an engaging and rewarding adventure.

The lottery prize draw takes place every Friday night at 9PM Pacific Time. The prizes range from thousands of $1, $10, or $100 prizes up to a few multi-million dollar grand prizes. The more tickets you have, the better your chances of winning. But even if you don’t win the jackpot, your money deposited with Yotta still earns an interest yield, similar to a high-yield savings account.

So users earn interest on their deposits like other High Yeild savings accounts, but also get the excitement of potentially winning prizes each week.

Yotta App


Yotta offers a wide variety of prizes through its lottery-style savings game. The odds of winning are based on the number of ticket numbers you have, but even with just the free weekly ticket the odds are better than traditional lotteries.

Recent big winners have included a $500,000 prize and multiple $37,990 prizes. Yotta highlights these success stories on its website to generate interest. However, it’s important to realize that the overall odds of winning these large prizes are still extremely low.

Still, the prizes add excitement and incentive to save with Yotta. Even if you don’t win big, your money grows in an FDIC-insured account. Yotta essentially rewards savers with a chance for prizes on top of regular savings interest.

Savings Account

Yotta offers a FDIC insured savings account with a very competitive APY. The current savings APY is 4.60%. This is much higher than the average savings account rate of 0.13%.

One of the best parts of the Yotta savings account is how seamlessly it integrates with the app. Deposits into your Yotta savings are automatically entered into the weekly prize drawings. This makes it simple and convenient to start earning prizes on your savings.

The Yotta savings account is a great option if you want a high yield on your savings without sacrificing FDIC insurance protection or ease of use. The only caveat is that you are limited to 6 withdrawals or transfers per month to maintain the high APY. But if you are using it primarily as a savings account, this limit shouldn’t be an issue.

Referral Program

The Yotta referral program rewards existing users for referring friends and family to join Yotta. According to the Yotta Help article, when an existing user refers a new user, both get a one-time reward.

The existing user gets a referral box with up to $100 cash and 1 million tickets, while the new user gets a sign-up bonus of 200 tickets. The rewards are the same regardless of the referring user’s tier status. This creates an incentive for all users to participate in the referral program and earn rewards.


Yotta takes security very seriously and has multiple layers of protection.

  • Yotta uses bank-level encryption and fraud monitoring to secure your account. Your money is FDIC insured up to the legal limit
  • You can freeze your Yotta debit card right from the app if it gets lost or stolen. This prevents any unauthorized transactions
  • Yotta’s fraud monitoring uses AI to analyze transactions and can instantly freeze suspicious activity. You’ll receive alerts of any potential fraud
  • Mastercard Zero Liability policy means you’ll never be responsible for unauthorized card transactions
  • Yotta undergoes regular audits and is PCI compliant to ensure data security

Overall, Yotta appears to take a layered approach to security to protect your money and information using encryption, fraud monitoring, audits, and more.

Customer Support

There are a few options for getting support from their team:

Yotta offers in-app support directly within the app. This allows for quick access to their team.

Email: Customers can email for inquiries.

Reviews of Yotta’s customer support are generally positive. Users mention fast response times via in-app support and email. Phone support also seems quite responsive. The Help Center contains a good range of self-service troubleshooting guides. Overall, Yotta appears to offer multiple convenient ways to get assistance from their team.


Yotta offers several compelling benefits for users looking to maximize returns on their savings. The primary advantage is the chance to win sizable cash prizes through its lottery-based system.

Every $25 in a Yotta savings account equals one lottery “ticket” for the weekly drawing, where the top prize can be as high as $10 million. Even if you don’t win the jackpot, there are thousands of smaller $1,000 and $100 prizes given out. This creates excitement and potentially life-changing winnings.

In addition to prizes, Yotta accounts come with a competitive APY interest rate on all balances.

While not the highest savings rate available, it’s on par with many traditional bank rates. Yotta also offers an attractive referral bonus, providing both referrer and referee with a cash bonus for each successful new account sign-up.

Overall, the lottery ticket feature creates fun and possibilities of big payouts that traditional banks can’t match. Combined with a solid interest rate and referral perks, Yotta provides useful benefits


While Yotta offers some exciting features like the lottery and referral bonuses, there are some potential drawbacks to be aware of:

Security could be a concern since it’s still a new fintech company versus an established bank. Make sure to enable 2-factor authentication for added protection.

The mobile app itself can be glitchy at times according to some user reviews. Features like depositing checks via the app often don’t work.

Customer support response times are slow based on negative app reviews. Be prepared to potentially wait 24-48 hours for an email response.

No joint accounts are allowed at this time. Only individual savings accounts.

Transfers can take 1-3 business days versus being instantly available with some competitors.

Overall, Yotta is a fun and innovative take on a savings account that offers the chance to win prizes while still earning a competitive interest rate.

While the lottery aspect may seem gimmicky, the underlying savings account is FDIC-insured up to $250,000 and provides solid returns. For those looking to earn a bit more interest on their savings or add some excitement to the process, Yotta is definitely worth considering.

Disclosure: This post may contain affiliate links, meaning we receive a commission for purchases made through these links, at no cost to you.

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